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• <br /> amount to be agreed upon but not to exceed fifteen(15)percent of the actual cost <br /> of the WORK to cover the cost of general overhead and profit. <br /> 18. TIME FOR COMPLETION AND LIQUIDATED DAMAGES <br /> 18.1 The date of beginning and the time for completion of the WORK are essential conditions <br /> of the CONTRACT DOCUMENTS and the WORK embraced shall be commenced on a <br /> date specified in the NOTICE TO PROCEED. <br /> 18.2 The CONTRACTOR will proceed with the WORK at such rate of progress to insure full <br /> completion within the CONTRACT TIME. It is expressly understood and agreed,by and <br /> between CONTRACTOR and the OWNER,that the CONTRACT TIME for the <br /> completion of WORK described herein is a reasonable time,taking into consideration <br /> that average climatic and economic conditions and other factors prevailing in the locality <br /> of the WORK. <br /> 18.3 If the CONTRACTOR shall fail to complete the WORK within the CONTRACT TIME, <br /> or extension of time granted by the OWNER,then the CONTRACTOR will pay to the <br /> OWNER the amount for liquidated damages as specified in the BID for each calendar <br /> day that the CONTRACTOR shall be in default after the time stipulated in the <br /> CONTRACT DOCUMENTS. <br /> 18.4 The CONTRACTOR shall not be charged with liquidated damages or any excess cost <br /> when the delay in completion of the WORK is due to the following,and the <br /> CONTRACTOR has promptly given WRITTEN NOTICE of such delay to the OWNER <br /> or ENGINEER. <br /> 18.4a To any preference,priority or allocation order duly issued by the OWNER. <br /> 18.4b To unforeseeable causes beyond the control and without the fault or negligence <br /> of the CONTRACTOR,including but not restricted to,acts of God,or of the public <br /> enemy,acts of OWNER,acts of another CONTRACTOR in the performance of a <br /> contract with the OWNER,fires,floods,epidemics,quarantine restrictions,strikes, <br /> freight embargoes,and abnormal and unforeseeable weather;and <br /> 18.4c To any delays of SUBCONTRACTORS occasioned by any of the causes <br /> specified in paragraphs 18.4a and 18.4b of this article. <br /> 19. CORRECTION OF WORK <br /> 19.1 The CONTRACTOR shall promptly remove from the premises all WORK rejected by <br /> the ENGINEER for failure to comply with the CONTRACT DOCUMENTS, whether <br /> incorporated in the construction or not,and the CONTRACTOR shall promptly replace <br /> and re-execute the WORK in accordance with the CONTRACT DOCUMENTS and <br /> without expense to the OWNER and shall bear the expense of making good all WORK of <br /> other CONTRACTORS destroyed or damaged by such removal or replacement. <br /> 19.2 All removal and replacement WORK shall be done at the CONTRACTOR'S expense. If <br /> the CONTRACTOR does not take action to remove such rejected WORK within ten(10) <br /> days after receipt of WRITTEN NOTICE,the OWNER may remove such WORK store <br /> the MATERIALS at the expense of the CONTRACTOR. <br /> GC-12 <br />